Adonis Diaries

Archive for July 26th, 2010

International financial institutions, backed by the US government, created vast operations of fraudulent mortgage schemes as witnessed since 1990.  First, the Saving and Loans banks were “saved” by Bush Sr. infusing $500 billions with tax payers money.  The mortgages were estimated to have 100% probability of losing their entire values.  The federal government and the Saving and Loans banks knew what they were doing. The two powers knew that homeowners would never be able to pay the interest.  Then, a new scheme was invented called “re-financing”

Those junk mortgages were re-sold on the world market and packaged “as sure as treasury bonds”.  This re-packaging scheme was called “derivatives” (as drifting money operations).  James Kenneth Galbraith, professor at the university of Texas, labeled these schemes as “identical to forging money, no more no less”

First, the tax payers (the honest hard-working citizens) paid for the saving and Loans banks in 1990, then they re-paid these fraudulent “faked money” mortgages in 1997, and then, after the Big Financial Crash.  Over one trillion dollars covered the fraudulent operation under the knowledge and ascent of the successive US Administrations.

The US government have been forging dollars since Nixon uncovered the dollars that was seemingly supported by gold reserves. It is not over.  The forging of dollars is going strong and private investors are being scammed every day.

Every time, the US Treasury states that the US economy is strong; when the federal Reserve governor states that the financial state is stable; when the president states during the State of the Union that the US status is strong and secure then, you may say that the government is still forging dollars.

The dollars is disseminated by political pressures; because the US Administration controls the “World bank” and the “International Monetary Fund”; because the US aircrafts carriers roams all oceans and seas.

Wall Street is going strong and hiring.  Over new 160,000 jobs were opened by Wall Street that covers 20% of the budget of the State of New York and 12% of the City of New York.

Joe Sacco, US journalist from Portland and originally from the small island of Malta, investigated the catastrophic phenomenon of boat immigrants landing in various part of Europe.  Sacco focused and interviewed those hapless immigrants who landed on Malta in the summer of 2009.  Joe published his comic strip of 48 pages in Virginia Quarterly Review.  The French weekly “Courrier International” is publishing the strips in series. I am reviewing the three series so far published.

There are estimates that 10,000 African people died so far undertaking these perilous crossings by desert and open seas.  Most of these hapless immigrants were eventually returned to their “Homelands” that they fled from for serious reasons.  What can “advanced nations” do with this flux of poor and “colored” people?

Italian and French fishing boats criss-cross the Mediterranean Sea to capture tuna and deliver them to farms in Malta.  After processing, the tuna is delivered to Japan.  These fishing boats are wondering why tiny open boats carrying immigrants want to land in Malta.  Occasionally, they offer the immigrants food and water.  The immigrants usually ask the route to Sicily:  They are not anxious to land in close by tiny Malta; crowded with 400,000 citizens.  The fishermen reason as follow: If they are from Somalia then, it is the responsibility of the ex-colonial power of Italy. The same reasoning goes to French, Belgium, and England colonies.

Once, fishing boats from Malta witnessed immigrants hanging to their fishing nets but they refused them to board.  The immigrants had to wait for an Italian navy to rescue them.  Malta had opened a center in 2001 with capacity to accommodate 80 clandestine immigrants.  The next year, Malta had to deal with 1,600 immigrants.  In 2008, over 3,500 immigrants landed by open boats.  First, the immigrants are processed for 18 months in special centers and then, they are transfered to open centers close to samll communities where they can mingle with people from Malta communities.

Sacco recounts the adventure of an Eritrean citizen (representative of the thousands of desert and open sea immigrants).  The hero is called John.   In 2001, many Eritrean students refused to serve summer forced labor.  Consequently, 2000 students were sent to prisons in region where temperature reach 44 degrees celsius.  They were left in open air without food for 4 days. After prison term, the students were to serve military service and forced labor.  In 2002, Malta returned 200 Eritreans; back home the immigrants were incarcerated, tortured, and many died from harsh treatments.

John was one Eritrean who managed to cross to the Sudan border and ran the entire night before reaching the UNO refugee camp at Kassala.  Eritrean forces made frequent incursions in that camp; thus, John decided to leave the camp fast heading to Khartoum (Capital of Sudan).  First, John had to leave his ID in the camp so that the UN make sure that he will return.  John had no intention to return.  His family sent him some money knowing that John is better off not to return to Eritrea.

John paid $200 to Sudanese passers.  One hundred immigrants from Eritrea, Ethiopia, Somalia and Sudan were loaded in just three land cruisers.  The trip in the desert lasted three days.  Each immigrant caughed up another $300 to be taken care by Libyan passers.

The Libyan passers loaded the 100 immigrants in three land cruisers and deposed them in an oasis in the Sahara.  They returned immediately to pick up another group of immigrants in order to cut off on competitive passers.  The next morning, Sudanese “Resistance” militias showed up and collected ransoms.

Twelve days later, as supplies were dwindling, the Libyan passers came back with fresh cargo of another 100 immigrants.  Faced with revolt, the Libyan passers agreed to push forward for another two days of travel in exchange of an additional $50 each immigrant.

They were dropped in the neighborhood of the city of Benghazi (Libya).  A slave merchant bought the cargo of immigrants and received another $20 from each immigrant to facilitate their “transfer”.  The next passers were Ethiopians who got another $200 from each one and packed them in a tomato lorry; they crossed one thousand kilometers in a closed lorry before they reached the Capital Tripoli.  The kids demanded money from the immigrants lest their knives do serious damages.

A Ethiopian slave trafficker lodged them in an apartment.  The police raided the place within two days and relocated the immigrants in the concentration camp of Koufra.  Those who managed to escape police roundups or foresaw the coming calamity were whisked in boats in open seas.  The first boat capsized and passengers were drowned.  The second group took chances and boarded another open boat.  They elected a Captain from Ghana who claimed to have some expertise in the matter.  Instead of 8 hours to reach Malta, the boat needed over two days to land on a beach.  They waited for the Malta police to arrive and start the “processing procedures”.

I have many questions but I might focus on just two:

First, if an immigrant manages to collect a few thousand dollars from family members to undertake a harrowing adventure to greener pastures then, with a little imagination he could land in the US with far more comfortable means of transportation (merchant ships for example) and then get lost in a metropolis.  Police never ventures in dangerous quarters: They don’t pay their salaries.  Maybe the immigrants prefers Europe and avoid American “reserved” quarters.

Second, how immigrants manage to hide their money?  Would it not be easier for bandits to lighten up the immigrants of all their savings and then distribute the razzia among the various passer groups in cohort with them?


adonis49

adonis49

adonis49

July 2010
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  

Blog Stats

  • 1,441,098 hits

Enter your email address to subscribe to this blog and receive notifications of new posts by email.adonisbouh@gmail.com

Join 784 other followers

%d bloggers like this: